DoT seeks views on blocking Facebook, WhatsApp, Instagram

Amid the widespread incidents of mob lynching due to rumours spread through social media apps, the department of telecom (DoT) has sought views of the industry on technical measures that can be adopted for blocking mobile apps like Instagram, Facebook, WhatsApp, Telegram etc.

WhatsApp, the popular messaging app, has particularly been in the eye of storm over abuse of the platform for circulation of fake news that has resulted in incitement of mob fury in several parts of the country.

Paul Krugman predicts collapse of crypto currencies

Expressing his scepticism about the value of cryptocurrencies Nobel Prize winning economist Paul Krugman has said that  “total collapse is a real possibility”.

In his opinion on New York Times, Krugman, a vocal critic of the digital currency, has given a two-fold explanation outlining his scepticism and said that cryptocurrency, despite its cutting-edge technology, has “set the monetary system back by 300 years”.

Indywood Billionaires Club opens FDI doors for film industry, raises Rs 3,000 cr

The Indywood Billionaires Club, an innovative initiative kicked off last year by the Sharjah-headquartered Aries Group to open the doors of Indian film industry for foreign direct investment, has already mobilised funds worth Rs 3,000 crore from nearly 20 leading NRI investors based in the United Arab Emirates, Europe and Asia-Pacific.

Keeping Zuckerberg safe now costs an extra $10 million a year

It costs a lot to keep Mark Zuckerberg safe. Facebook Inc spent $7.33 million last year protecting its chief executive officer at his homes and during his tour across the US. Last week, the social-media giant said it would provide an additional $10 million a year for him to spend on personal security.

The cost for this year far exceeds what other firms will spend for their bosses and probably surpass the average annual compensation for S&P 500 CEOs. For the world’s sixth-richest person, it doesn’t necessarily amount to much.

Birla, Deveshwar on board Air India

A day after seeking Parliament’s approval for supplementary grant for equity infusion in the loss-making Air India, the government on Wednesday inducted corporate bigwigs Kumar Mangalam Birla (in pic) and YC Deveshwar into the board of the national carrier.

The appointment of Birla, head of an over $44 billion conglomerate, and Deveshwar, chairman of FMCG giant ITC, is for three years, according to a Personnel Ministry order issued late in the evening.

IIT Kharagpur working on developing battery-free implantable medical devices

Indian Institute of Technology (IIT) Kharagpur, one of the premier technology institutes in the country, is now working on to develop futuristic battery-free implantable medical devices for treatment of brain, nerve, muscle or spinal cord disorders that are untreatable by using standard medical practices.

‘Grand Dame of Chowringhee’ to sport a new look

The 138-year-old Oberoi Grand Kolkata, the oldest property from the stable of EIH, is well set for a facelift with 50 brand new rooms and suites. But Prithviraj Singh (Biki) Oberoi, the 89-year-old scion of Oberoi family, has one regret.

“I had spent a substantial portion of my life in Kolkata. I feel sad when I come back. The pavements along the entire Chowringhee area, where the hotel is located, and also the hotel’s arcade are occupied by hawkers. I’ve written to the city mayor and that has been of no avail,” rued Oberoi sitting within the hotel premises.

All unselected H-1B petitions returned: US

In a couple of month’s time we will know how many H-1B visas have been granted to Indian tech workers this year, after President Trump started intensifying his tirade aga­inst immigrant visas. But for sure, this year the numbers are going to be much lower with incidents of indiscriminate rejections.

Air India seeks additional equity from govt to pay vendors: source

State-owned carrier Air India has sought Rs 2,121 crore ($309 million) of additional equity from the government for the fiscal year 2018-19 to make pending payments to its vendors, a source at the airline told Reuters on Monday.

Air India owes about Rs 1,800 crore to its vendors, including lessors and banks that have demanded payment from the beleaguered airline, after the government’s unsuccessful efforts to find a buyer for its 76 per cent stake.